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chmod777

member

Activity: 80

Merit: 10

Quote from: Eternu on February 28, 2017, 01:35:37 PM

Quote from: chmod777 on February 28, 2017, 06:44:20 AM

Quote from: Eternu on February 27, 2017, 10:47:03 AM

Quote from: chmod777 on February 26, 2017, 08:40:17 PM

Do you really think bitcoin will die?

Bitcoin is now a proven system. Has been developing very successfully for 7-8 years. Large financial institutions are investigating blockchain technology.

I do not think a system that will revolutionize innovation will die.

After sometime i believe that bitcoin will die yes. But how long will it last... well we can only speculate. Some kind of universal currency for all races on earth will be formed and that could be bitcoin, but i doubt it. Maybe bitcoin will be mother for that currency, or maybe it will be bitcoin, i'm not expert on bitcoin so everything is just my opinion. But i believe strongly that something will be born from bitcoin.

What will die for what reasons?
Do you have any logical arguments for this? Is the alternative going to be another currency? Why do people stop using bitcoin when have no reason?

I think what i wrote was clear enough, if you didn't understood it maybe you should read it more carefully. As i said i am no expert, and it is only my opinion nothing more, but yes i believe that bitcoin will die in one point in future. Logical reason, hmm... there is still long way for bitcoin to become currency that could be used for day to day life. There is other government problems with bitcoin that need to be done. And not to mention that at the moment most of bitcoin is used on black market for what ever... So that is just some problems that come on my mind at the moment.

The world is constantly changing. Bitcoin is already used in everyday life. So, technically and practically, there is nothing that hinders the use of bitcoin.
They also do money laundering with other currencies. Money laundering was done before Bitcoin.

Bitcoin does not die for these reasons. Bitcoin just needs more advertising.

Jalum

hero member

Activity: 774

Merit: 500

Look ARROUND!

Ofcourse bitcoins is going to die when theres no people maintaining it or using it, pretty simple logic

teeneffigy

member

Activity: 90

Merit: 10

Quote from: ArabianChain on February 28, 2017, 07:11:04 AM

Quote from: jack1111 on March 26, 2016, 07:00:59 AM

end of mining don't mean bitcoin will die . it will ends when bitcoin reaches 21 million bitcoins . but that will take long time .

Something like 100 years away LOL. Although if the price goes up and continues to go up then by the time it reaches 21 million the transactions will be valuable enough to continue mining I would think. Even though no new Bitcoin will be created the blocks should have a lot of transactions fees of value as incentive. Transaction fees are getting pretty expensive now just imagine in 100 years... Maybe I am wrong you never know. I want to see it live and keep defying the odds and bringing financial freedom or as close to it as possible.

After the next 4 halvings the block reward will be .78125 BTC per block. I think that the transaction fees will be more than that.

All bitcoin has to do is keep increasing in value. If the value of BTC drops to where miners are no longer profitable I would think that large farms would just turn off their gear and leave the BTC chain stuck on high difficulty.

Diablomania

member

Activity: 129

Merit: 10

Never

Eternu

sr. member

Activity: 560

Merit: 257

Quote from: chmod777 on February 28, 2017, 06:44:20 AM

Quote from: Eternu on February 27, 2017, 10:47:03 AM

Quote from: chmod777 on February 26, 2017, 08:40:17 PM

Do you really think bitcoin will die?

Bitcoin is now a proven system. Has been developing very successfully for 7-8 years. Large financial institutions are investigating blockchain technology.

I do not think a system that will revolutionize innovation will die.

After sometime i believe that bitcoin will die yes. But how long will it last... well we can only speculate. Some kind of universal currency for all races on earth will be formed and that could be bitcoin, but i doubt it. Maybe bitcoin will be mother for that currency, or maybe it will be bitcoin, i'm not expert on bitcoin so everything is just my opinion. But i believe strongly that something will be born from bitcoin.

What will die for what reasons?
Do you have any logical arguments for this? Is the alternative going to be another currency? Why do people stop using bitcoin when have no reason?

I think what i wrote was clear enough, if you didn't understood it maybe you should read it more carefully. As i said i am no expert, and it is only my opinion nothing more, but yes i believe that bitcoin will die in one point in future. Logical reason, hmm... there is still long way for bitcoin to become currency that could be used for day to day life. There is other government problems with bitcoin that need to be done. And not to mention that at the moment most of bitcoin is used on black market for what ever... So that is just some problems that come on my mind at the moment.

Lieldoryn

sr. member

Activity: 630

Merit: 272

I think Bitcoin could fall at any moment, because it is not controlled by anyone and the cost of the bitcoin is not backed by any gold or USD reserves

wh04m1

full member

Activity: 140

Merit: 100

Quote from: farl2web on February 25, 2017, 05:03:01 PM

Quote from: wh04m1 on February 24, 2017, 08:48:09 PM

Quote from: adidas on February 23, 2017, 10:53:57 AM

Quote from: wh04m1 on February 23, 2017, 08:46:28 AM

Quote from: Ucy on February 20, 2017, 11:08:06 AM

I have strong faith in Bitcoin not because I somehow profit from it but because of these following reasons:

* Anonymous: More privacy conscious individuals will likely jump into the bitcoin world with increasing surveillance by World governments.
* Decentralized & Internet based. Also believe it will evolve along with the Internet.
* Has little or no limitations
* If other Cryptocurrencies live, Bitcoin will definitely live.
* Finally, Cryptocurrency is part of the need of Internet users

The items you count are all right. But bitcoin is not anonymous. Your identity can be determined when you use Bitcoin. All transactions are recorded. And transfer operations from one address to another can be determined backward one by one.

If you want real anonymity, I suggest you check out Dash.

If you want anonymity in Bitcoin you can use a high quality mixer like Bitmixer, Cryptomixer, Bitblender or some others. This way even if someone tries to track you down by using the backward option and checking transaction one by one he cannot link you anymore to the related bitcoin addresses you have used.

Can we really trust the mixing sites? Can anonymity be provided in full through these sites? How exactly does it work?

Then you do not need to trust bitcoin wallets in various sites and payment systems. Perhaps as a device application can make better quality your savings invulnerable. But this does not mean that the bitcoin as a currency, may disappear.

Do you know the working logic of mixing sites? How they provide anonymity. I'm asking that exactly.

ArabianChain

full member

Activity: 124

Merit: 100

http://arabianchain.org

Quote from: jack1111 on March 26, 2016, 07:00:59 AM

end of mining don't mean bitcoin will die . it will ends when bitcoin reaches 21 million bitcoins . but that will take long time .

Something like 100 years away LOL. Although if the price goes up and continues to go up then by the time it reaches 21 million the transactions will be valuable enough to continue mining I would think. Even though no new Bitcoin will be created the blocks should have a lot of transactions fees of value as incentive. Transaction fees are getting pretty expensive now just imagine in 100 years... Maybe I am wrong you never know. I want to see it live and keep defying the odds and bringing financial freedom or as close to it as possible.

chmod777

member

Activity: 80

Merit: 10

Quote from: Eternu on February 27, 2017, 10:47:03 AM

Quote from: chmod777 on February 26, 2017, 08:40:17 PM

Do you really think bitcoin will die?

Bitcoin is now a proven system. Has been developing very successfully for 7-8 years. Large financial institutions are investigating blockchain technology.

I do not think a system that will revolutionize innovation will die.

After sometime i believe that bitcoin will die yes. But how long will it last... well we can only speculate. Some kind of universal currency for all races on earth will be formed and that could be bitcoin, but i doubt it. Maybe bitcoin will be mother for that currency, or maybe it will be bitcoin, i'm not expert on bitcoin so everything is just my opinion. But i believe strongly that something will be born from bitcoin.

What will die for what reasons?
Do you have any logical arguments for this? Is the alternative going to be another currency? Why do people stop using bitcoin when have no reason?

nyanhtet

sr. member

Activity: 476

Merit: 250

Bawga

There is time to watch when btc meet 21M supply. It can be dead end I think.

Eternu

sr. member

Activity: 560

Merit: 257

Quote from: JerryWinski on February 27, 2017, 11:27:31 AM

Quote from: Eternu on February 27, 2017, 10:47:03 AM

Quote from: chmod777 on February 26, 2017, 08:40:17 PM

Do you really think bitcoin will die?

Bitcoin is now a proven system. Has been developing very successfully for 7-8 years. Large financial institutions are investigating blockchain technology.

I do not think a system that will revolutionize innovation will die.

After sometime i believe that bitcoin will die yes. But how long will it last... well we can only speculate. Some kind of universal currency for all races on earth will be formed and that could be bitcoin, but i doubt it. Maybe bitcoin will be mother for that currency, or maybe it will be bitcoin, i'm not expert on bitcoin so everything is just my opinion. But i believe strongly that something will be born from bitcoin.

I don't think it will die. Maybe go down in value when another alt takes it's place. Even that may never happen. Just because bitcoin doesn't like to fork at this stage if its life doesn't mean that the developers will let it die. Whatever problems bitcoin is experiencing can be resolved by code. Like the block size debacle and eventually running out of block rewards.

No one is gonna let bitcoin die without a fight.

I am just guessing, nothing more. You could be right, bitcoin could go down and that would be it, it doesn't have to die. I know that there are a lot of people who like bitcoin the way it is. And it could live long enough. But sometime things happen, and whatever developers or some small group of people do, would just don't care. I saw a lot of good things go down just because majority didn't accept it.

JerryWinski

member

Activity: 110

Merit: 10

Quote from: Eternu on February 27, 2017, 10:47:03 AM

Quote from: chmod777 on February 26, 2017, 08:40:17 PM

Do you really think bitcoin will die?

Bitcoin is now a proven system. Has been developing very successfully for 7-8 years. Large financial institutions are investigating blockchain technology.

I do not think a system that will revolutionize innovation will die.

After sometime i believe that bitcoin will die yes. But how long will it last... well we can only speculate. Some kind of universal currency for all races on earth will be formed and that could be bitcoin, but i doubt it. Maybe bitcoin will be mother for that currency, or maybe it will be bitcoin, i'm not expert on bitcoin so everything is just my opinion. But i believe strongly that something will be born from bitcoin.

I don't think it will die. Maybe go down in value when another alt takes it's place. Even that may never happen. Just because bitcoin doesn't like to fork at this stage if its life doesn't mean that the developers will let it die. Whatever problems bitcoin is experiencing can be resolved by code. Like the block size debacle and eventually running out of block rewards.

No one is gonna let bitcoin die without a fight.

Eternu

sr. member

Activity: 560

Merit: 257

Quote from: chmod777 on February 26, 2017, 08:40:17 PM

Do you really think bitcoin will die?

Bitcoin is now a proven system. Has been developing very successfully for 7-8 years. Large financial institutions are investigating blockchain technology.

I do not think a system that will revolutionize innovation will die.

After sometime i believe that bitcoin will die yes. But how long will it last... well we can only speculate. Some kind of universal currency for all races on earth will be formed and that could be bitcoin, but i doubt it. Maybe bitcoin will be mother for that currency, or maybe it will be bitcoin, i'm not expert on bitcoin so everything is just my opinion. But i believe strongly that something will be born from bitcoin.

Xman_man

newbie

Activity: 9

Merit: 0

BTC Is a great invention of the 21st century i don't think will die

og kush420

full member

Activity: 1050

Merit: 110

Bitcoins not gonna die when theres people using/funding it, if you are serious about your question then bitcoins gonna die when we all died.

chmod777

member

Activity: 80

Merit: 10

Quote from: Eternu on February 23, 2017, 02:51:07 PM

Quote from: chmod777 on February 20, 2017, 11:17:56 AM

Quote from: Eternu on February 20, 2017, 09:59:08 AM

Quote from: chmod777 on February 20, 2017, 12:47:56 AM

Bitcoin mining is a costly business. If you do not have enough capital, it will not be profitable. Nowadays miners are carrying out their expenses by minimizing their costs.

But difficulty of the mining business does not adversely affect the use of bitcoin. If somebody leave mining, the level of difficulty decreases. Then mining would be less costly.

You are totally right there, if someone leave mining bitcoin percentage of mining will rise. But i don't think that someone that invested a lot of money, and for mining to be pay off you need really good computer, they won't leave mining bitcoin so easily. I have heard that mining in this days are too hard, and it doesn't pay off. I was thinking to mine, but when i find out what you need, i don't have that much money...

Anyone who starts to mining will not leave mining unless it is a big mistake.

Because the price of bitcoin is constantly increasing. Even if btc is not profitable today, it will be profitable for future btc value.

As i said, to mine bitcoin effectively you need good computer for that, and that mean a lot of money. For now bitcoin is rising and that is good even for me who does not mine bitcoin. But who can prove that bitcoin will live for long enough that you can recover your loses for equipment you bought? Maybe bitcoin will die next year, or maybe year after that, who knows.

Do you really think bitcoin will die?

Bitcoin is now a proven system. Has been developing very successfully for 7-8 years. Large financial institutions are investigating blockchain technology.

I do not think a system that will revolutionize innovation will die.

Shady

full member

Activity: 294

Merit: 100

Life is a game, you either play it or get played.

Bitcoins future is guaranteed to be bright, on the downside though since there's only 21,000,000 coins able to be produced something has to be done to take it into further growth cycles.

BTC has a strongly engaged following of tech savvy users so the longevity and potential revamp development could take things even further.

mgauffin

member

Activity: 102

Merit: 10

Bitcoin is the most powerfull curency so will never die ( i hope )

BADecker

legendary

Activity: 3906

Merit: 1373

When is Bitcoin going to die?

Probably never.

Why not?

It will never come to life.

Cool

farl2web

full member

Activity: 168

Merit: 100

Quote from: wh04m1 on February 24, 2017, 08:48:09 PM

Quote from: adidas on February 23, 2017, 10:53:57 AM

Quote from: wh04m1 on February 23, 2017, 08:46:28 AM

Quote from: Ucy on February 20, 2017, 11:08:06 AM

I have strong faith in Bitcoin not because I somehow profit from it but because of these following reasons:

* Anonymous: More privacy conscious individuals will likely jump into the bitcoin world with increasing surveillance by World governments.
* Decentralized & Internet based. Also believe it will evolve along with the Internet.
* Has little or no limitations
* If other Cryptocurrencies live, Bitcoin will definitely live.
* Finally, Cryptocurrency is part of the need of Internet users

The items you count are all right. But bitcoin is not anonymous. Your identity can be determined when you use Bitcoin. All transactions are recorded. And transfer operations from one address to another can be determined backward one by one.

If you want real anonymity, I suggest you check out Dash.

If you want anonymity in Bitcoin you can use a high quality mixer like Bitmixer, Cryptomixer, Bitblender or some others. This way even if someone tries to track you down by using the backward option and checking transaction one by one he cannot link you anymore to the related bitcoin addresses you have used.

Can we really trust the mixing sites? Can anonymity be provided in full through these sites? How exactly does it work?

Then you do not need to trust bitcoin wallets in various sites and payment systems. Perhaps as a device application can make better quality your savings invulnerable. But this does not mean that the bitcoin as a currency, may disappear.

Topic: Deleted - page 9. (Read 70461 times)